Outside The Yellow: A Review of Leasing Activity Over the Last 12 Months
Data Sources and Methodology
- Compiled all lease level activity for the prior twelve months using DrillingInfo.
- Analyzed leases documents, memos of leases, extensions and lease amendments in order to identify trends in company leasing activity.
Highlights
- Continental Resources is expanding its position in the Northern Midland Basin which they began acquiring in late 2016.
- Activity in the fourth quarter and first quarter of 2018 has been concentrated in Southeast Gaines County, where the bulk of their acreage is offsetting Murphy’s in Dawson County.
- The company has also recently permitted two horizontal wells on its Northern Delaware position in New Mexico.
- After selling out to Parsley, Double Eagle is back at it with leases filed in the Southern Delaware, Central Basin Platform and Midland Basin.
- A scatter shot of leases have been filed in the San Andres play around Seminole and also in the Eastern Midland Basin in Scurry County.
- The company’s Scurry County acreage is offsetting private operator King Operating.
- In the fourth quarter, Double Eagle began acquiring leases in Northeast Martin County under DE Midland III.
- A scatter shot of leases have been filed in the San Andres play around Seminole and also in the Eastern Midland Basin in Scurry County.
- Multiple operators filed leases around North Harpoon during the first quarter of 2018.
- Double Eagle filed a lease within North Harpoon on 160 acres.
- Devon Energy had multiple lease filings in Brewster County near Apache’s Alpine High play during the third quarter.
- In 2017, the company drilled a single vertical wildcat on its acreage however, there has been no activity since then.
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